Trust : a fiduciary relationship in which one person, a trustee, holds title to property or assets for the benefit of another person, the beneficiary.

a legal arrangement whereby assets are held by one or more appointed persons (trustees) for the benefit of others (beneficiaries). normally a trust is established by a legal document known as a deed but a trust may be established by other means. use of a trust can be an effective way of reducing one"s liability for tax. this is a complex area of law and specialist legal advice should normally be sought by anyone dealing with a trust.

the concept of a trust is not recognised in all legal systems.

an arrangement which empowers one or more people (the trustees) to safeguard and administer the assets such as property and money of another person or people (the beneficiaries).